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Strategies & Market Trends : Technical Analysis- Indicators & Systems

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To: David Russell Coburn II who wrote (2425)	8/7/1997 1:29:00 AM
From: Richard Estes	of 3325

Now put in a trend indicator on the buy. Of course you have 9000 stocks to choose from, to apply any system. This is for Dick Brown: I have never denied stock selection is important to large moves. If you are able to identfy the start of a trend or its continuation then you have your choice of what would best fits your mindset going up a mountain. It helps to be able to look at a chart and tell the difference between a ranging base and a trend. Gann stressed the TREND. All the good ones do. Don't get caught in a long base even if it is 10 points wide on a $40 stock. I am not sure if funnymentals are important to dig into as just that a trend exist. Value people buy a trend, the problem is it is going down, they just wish/hope it will go up. So when someone shows an INTC chart, it may be because that is what you want, a stock in a trend. And because everyone has heard of it, or IBM etc. So on with the show. Boards are quite. This usually occurrs when people are losing money. Shouldn't be so this week.

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